Wiley GAAP 2004 : Interpretation and Application of Generally Accepted Accounting Principles

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Format: Paperback
Pub. Date: 2003-01-01
Publisher(s): WILEY
List Price: $77.00

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Summary

An essential guide for all corporate and public accountants, CPA candidates, financial managers, and accounting students Wiley GAAP 2004 is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the FASB (Financial Accounting Standards Board) and its predecessor agencies. All pronouncements are explained with relevant terminology and practice-oriented real-world examples. Each chapter is composed of a discussion of perspectives and issue, sources of GAAP, and a definition of terms, concepts, rules, and examples. Patrick R. Delaney was the Arthur Andersen LLP Alumni Professor of Accountancy and Chair of the Department of Accountancy at Northern Illinois University. Barry J. Epstein is a partner in the Chicago-based firm Gleeson, Sklar, Sawyers Cumpata, LLP. Ralph Nach is a Managing Director with the Chicago office of American Express Tax Business Services, Inc. Susan Weiss Budak is a consultant working primarily with the FASB, AICPA, and NCES.

Table of Contents

Authoritative Accounting Pronouncements x
Researching GAAP Problems
1(34)
Appendix: Conceptual Framework
23(12)
Balance Sheet
35(24)
Statements of Income and Comprehensive Income
59(36)
Statement of Cash Flows
95(16)
Cash, Receivables, and Prepaid Expenses
111(39)
Short-Term Investments and Financial Instruments
150(62)
Inventory
212(30)
Appendix A: LIFO Conformity Rule
238(1)
Appendix B: Task Force on LIFO Inventory
239(3)
Revenue Recognition---Evolving Principles and Specialized Applications
242(71)
Revenue Recognition---General Principles
243(7)
Long-Term Construction Contracts
250(12)
Service Revenues
262(5)
Sales When Collection Is Uncertain
267(7)
Revenue Recognition When Right of Return Exists
274(3)
Profit Recognition on Real Estate Sales
277(15)
Real Estate Operations
292(8)
Franchising: Accounting by Franchisors
300(3)
Other Special Accounting and Reporting Issues
303(10)
Long-Lived Assets
313(65)
Investments
378(48)
Business Combinations and Consolidated Financial Statements
426(85)
Current Liabilities and Contingencies
511(16)
Long-Term Debt
527(39)
Leases
566(64)
Appendix: Leveraged Leases
625(5)
Income Taxes
630(46)
Appendix A: Accounting for Income Taxes in Interim Periods
664(10)
Appendix B: Schedule of Common Permanent and Temporary Differences
674(2)
Pensions and Other Postretirement Benefits
676(30)
Stockholders' Equity
706(69)
Appendix: Financial Statement Presentation
776
Earnings Per Share
775(20)
Appendix: Comprehensive Example
792(3)
Interim and Segment Reporting
795(16)
Interim Reporting
795(6)
Segment Reporting
801(8)
Appendix: Comprehensive Illustration
809(2)
Accounting Changes and Correction of Errors
811(21)
Appendix: Accounting Changes in Interim Periods
828(4)
Foreign Currency
832(26)
Appendix: Accounts to Be Remeasured Using Historical Exchange Rates
857(1)
Personal Financial Statements
858(7)
Appendix: Hypothetical Set of Personal Financial Statements
862(3)
Specialized Industry GAAP
865(108)
Banking and Thrift
867(20)
Benefit Plans, Including Pension Funds
887(9)
Broadcasting
896(4)
Cable Television
900(2)
Computer Software Developers
902(9)
Finance Companies
911(4)
Government Contractors
915(2)
Insurance
917(10)
Investment Companies
927(5)
Mortgage Banking
932(6)
Motion Pictures
938(10)
Not-for-Profit Organizations
948(14)
Oil and Gas Producers
962(2)
Recording and Music
964(2)
Regulated Operations
966(4)
Title Plant
970(3)
Appendix A: Disclosure Checklist 973(37)
Appendix B: International vs. US Accounting Standards 1010(77)
Index 1087

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